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party pass on a pledge, the vow never to raise taxes no how, no way, and today a way for a growing number of republicans to say, sorry, grover, it is over. that pledge we signed turns out it wasn't written in permanent ink. welcome, everyone, i am neil cavuto and don't look now but i think americans for americans for tax reform and the zealot could be pumped. grover norquist himself on what appears to be a revolt on the right, half dozen republican senators would have disown add pledge that isn't feasible now including oklahoma senator coburn, arizona's john mccain, south carolina's graham, idaho's crapo, tennessee's alexander, and georgia's sam bliss. it is not that they have all become antipledge, more like, well, antisweeping pledge. particularly the party of that pledge that called for resisting any move to end any tax break. to hear georgia's chambliss, too rigid, too inflexible, noting times have changed significantly, and i care more about my country than i do about a to-year-old pledge. if so, so what now? norquist in a second, to bob on republicans increasingly happy to ma
tax cuts on consumer spending. as we know with all of this talk of the fiscal cluf tax cuts are set to spike at the beginning of next year. according to the new report allowing middle class tax rates to group, along with allowing the current tax cut to expire would change the gdp. this is all part of the president's effort to extent the burr-era tax cuts for americans making less than $250,000 a year, all while incriesing taxes on the wealthy. it seems some members of the dgdp could be coming around and be ready to go against the grover norquist pledge. more bill press after the break. stay with us. you're about to watch an viewer created ad message for little caesars who proudly salutes united states veterans everywhere. >> clarksville is a small town on the tennesse/kentucky boader and it is a really great place to raise a family. my name is lloyd allard i was a chief officer in the special forces, i was in the army for 23 years. i have made 1400 parachute jumps. well, my experience in the military was varied. i spent a lot of time in iraq, a lot of time in kuwait. i did
what is at stake if partisans don't figure out a way soon. bush tax cut goes away and that alone would drive taxup fo. the patches will die as well. so add in the failure of the super committee and sequestered $1.2 trillion. spending cuts of $600 billion in defense. why are we here? you can't blame revenues. americans forked over $2.3 trillion in taxes and fees last year. the taxaholics are stone cold drunk on our spending. spending is out of control. mr. president, waiting for you to stand up and show leadership. bob, haven't heard a thing. crickets. >> eric: i think you heard things. there is movement going on here. >> bob: i'm glad they're breaking away from norquist and say there is a need for revenue. i think whether that comes in form of limiting deductions to $50,000 for people making over $250,000 or -- >> eric: i can say. we will get to all of that. we'll get to the deals that may go on. where is obama's deal or his idea? his proposed, i don't know. the medicare, medicaid, reform to get the tax cuts. >> bob: there will be form of entitlement of increasing the age of retirement
, a new report out today showing how tax hike fears could impact consumer spending during the all-important holiday shopping season. part 2, the president's plans to take the issue straight to the voters and campaign style appearances and the use of an army of campaign volunteers to sell his message on tax hikes. the hope, that the coalition that put president obama back in office will help him ramp up the pressure on congress to make a deal. joining me now, chris van hollen and also a member of the house budget committee, congressman, good morning to you, sir. >> good morning, craig. great to be with you. >> the national journal reporting that the president could hold events related to the cliff this week. what are you hearing? >> well, i think that's right. i don't think anything has been settled. there have been on going conversations, but obviously the discussion will heat up this week now that the thanksgiving is behind us. >> what does the white house hope to accomplish with these types of events? >> well, look, this was not a side issue in the campaign. throughout the last
morning, everyone, several leading republicans say they will put more tax revenue on the table. that's a shift. warren buffett says raise tax rates on incomes over a half million dollars, that's a shift. but the president and democrats are not moving and they still say raise tax rates on the rich. on-line shopping, a very big winner and very big for retailers. 13% better than last year overall. today, on-line sales may run close to 2 billion dollars. will it last through the holidays? we've got another north african economy in absolute chaos. egypt torn by rioting after morsi takes dictatorial powers. they really need our money now. watch out, everybody, "varney & company" is about to begin. get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement peopl who are paid on sary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket scie
norquist's anti-tax pledge. saying they're open to letting revenues rise if democrats do their part in the budget talks. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> a pledge you signed 20 years ago, 18 years ago is for that congress. for instance, if i were in congress in 1941, i would have signed the declaration of war against japan. we're not going to attack japan today. the world has changed, and the economic situation is different. >> so peter king is telling us, mike barnicle, not only is he going soft on taxes, he's going soft on japan. >> i know. >> it's not just peter king on the taxes. it's a big step, don't you think? >> it's a big step. >> grover. yeah, grover's taking a big hit since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who
-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one of the two sides had some movement in their position on the tax side of the debate. that side is the re
look at the relative yield, not only is there a tax advantage you're picking up significant yield. >> michael, what would you buy here? >> how about this, gold? let's bias sets where people will be nervous and flee to assets that give them some sense of comfort. i think gold will be a $2,000 an ounce trade sometime in the next 12 months. again, i also agree you need to buy -- you should not buy treasury. i think treasuries are a bubble waiting to burst. i like municipal bond trade. i like intermediate to short term average quality corporate bonds where you're not really paying so much for the high corporate quality rate. i think you can get better yields. as russ mentioned, absolutely, investors are going to have to have some money in fixed income. you can't set in cash at zero percent, it will kill you from an inflation point. >> i've been at cnbc since 1998. sing the piece of advice given over and over is whatever you do, don't buy the long end of the treasury curve because it's a bad investment. and yet it has been the greatest investment. at some point that's going to change,
to sign a pledge from somebody else. >> what they're talking about again is tax revenue and the house speaker has talked about it. mitt romney campaigned on it. >> lowering deductions and closing loopholes. >> eliminate or limit rather deductions and credits and exemptions. cutting out the exemptions and loopholes. >> grow this economy and engage in tax reform. >> simplify the code. >> ywhen you get divorced, thats what happens. ♪ >> welcome back after the thanksgiving holiday and all eyes are on the fast approaching fiscal cliff with republicans possibly maybe looking to make a deal. with the deadline now just 36 days away, some top republicans suggest they could, shock, horror, break with their sacred pledge to grover norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really i
repeated their openness to being willing to raise taxes, which is something that is violated republican orthodoxy. here is jay carney just a few minutes ago in reaction to those comments. >> some of the comments you mentioned are welcome. and they represent what we hope is a difference in tone and approach to these problems and a recognition that a balanced approach to deficit reduction is the right approach. it's the one most beneficial for our economy. >> reporter: the president's trying to take advantage of that different tone. he talked to speaker boehner over the weekend by telephone. and today you've had two business leaders, john engler, tom donahue, in to meet with senior white house officials. they're trying to keep this going. aides on capitol hill tell me no substantive progress in negotiations just yet. they're just now getting back to work after thanksgiving. >> how does that make you feel about the market? does it make you feel like they have more kum-bi-ya going on in washington, d.c.? does it make you more willing to invest? >> i'll tell you what. i saw spielberg's "linc
said they will back down on taxes as long as there is one condition. >> steve: this time the white house has a better idea. wait until you hear who they are bringing back to lead the negotiations. yimpt powerball jackpot. $425 million . if you think you are more likely to get struck by lightning than win it big. the guy who won eight times who has the secret. >> steve: does he have the numbers. >> brian: "fox and friends" begins now. >> steve: hi, folks, live from studio e. i am sick of turkey. and i am sick of gravy. we had it five-days. >> gretchen: i know, i have a big huge bird sitting in my refrigerator and attempt to make soup out of it later today. >> brian: so it is not alive. >> gretchen: it didn't gobble. >> brian: i went to the movies and i have another movie. >> gretchen: i saw santa claus over the weekend. >> brian: ian loves it. i will tell you in a while. >> gretchen: no. >> brian: steve, saw one of my recommendations on saturday and you feel. >> steve: i am stopping to listen wu. >> gretchen: can you tell us now. >> steve: some of his movies i like a lot. >> gretche
the people and not to him, that's what he's known for. >> his power comes from this tax pledge. the last thing that he can afford to see more republicans peel off. if they do, then he can't get the next person to sign that pledge. >> tomorrow on "starting point" we're going to be talking to race car driver danica patrick and star of "pretty little liars." cnn newsroom with carols can to casse tell low begins now. >>> horror in bangladesh. two giant clothing factories there go up in flames. they might have made the clothes that are in your closet right now. thousands of workers protest the deaths of their colleagues. were safety warnings ignored? >>> republican rebellion? lindsey graham the latest lawmaker to buck a powerful gop lobbyist and his anti-tax pledge. we'll have the view from the edge of the so-called fiscal cliff. >>> one of the most recognizable voices in hollywood lends his voice to a pro-same-sex marriage ad. >> freedom, justice and human dignity have always guided our journey toward a more perfect union. now across our country, we are standing together for the ri
. >> the fiscal cliff sparks talks of compromise on capitol hill. >> without a deal spending consults and tax increases will kick in at year's end likely sending the country into another recession. >>> several republicans back away from a tax increase. >> if congress does nothing, which congress has gotten pretty good at doing these days we'll go over the fiscal cliff. >> we have to show the world we're adults. the election's over. president obama won. >>> it's a big weekend for shopping. it isn't over yet. today is cyber monday. the biggest day for online sales. >> shoppers are expected to spend $1 billion 1/2 today. >> and some like to shop in bunny slippers. >> and fret mohammed morsi granting himself extra powers. >> sending the country's stock market into free fall. >> buy a ticket for this wednesday's powerball lottery, you could win in the megaball. >> bradshaw with the touchdown. >> giants tommenate. >> officially a time-out. >> cheerleaders shave their head to support the coach diagnosed with leukemia. >> and all that matters -- >> suddenly changes into
grover norquist, condemning his pledge never to raise taxes. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece and republicans should put revenue on the table. >> how's that for a profiling courage? senator graham is standing up to a pledge he made to an unelected official in charge of a group that most americans never heard of. a pledge that's 26 years old. but at least graham is voting to raise taxes on the wealthy. right? wrong. >> raises tax rates will hurt job creation so i agree with grover we should not raise rates. i will violate for the good of the country only if democrats will do entitlement reform. >> so he won't raise tax rates and entitlements need to be gutted. but that's more like it. let's see some more brave talk from the gop. >> i'm not obligated on the pledge. there's a menu of options on the revenue side and on the entitlement side and as long as there are two parties that are willing to solve this problem, this is a very easy thing to do technically. what it takes is political courage. >> guess
't act, if the president doesn't act, in unison, your taxes are going up come january 1st to help raise revenue to pay down the national debt. stay with me here for a moment because we'll show you exactly, you know, how much your taxes will be rising. but here's the thing. it doesn't have to happen, this predetermined jump in income taxes and the new parlor game on capitol hill is to pick the next republican, follow me here who is willing to break a no tax pledge made to a very powerful lobbyist, in order to cut a deal with the democrats to focus the pain of new taxes on the wealthy. see this picture? see these three guys. here is yet another republican speaking just this morning. >> i'm not obligated on the pledge. i made tennesseans aware i was just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> so republican senator bob corker is saying his oath of office trumps any no tax pledge made to washington lobbyist grover nor quist. republican saxby chambliss says he cares more about america and the fiscal mess we're in than h
everybody, our start start this morning the fight over the cliff intensifies. remember that no tax hike pledge. new signs that the gop may be starting to rebel from that. maybe a compromise before the 35-day deadline passes. and congress gets back to work this morning. plus a power grab in egypt. mohamed morsi under fire for granting himself extraordinary powers. will that affect cease-fire talks between israel and hamas? they're happening in egypt today. >> and $59 billion! retail records broken as americans crowded stores for some competitive shopping over the weekend. and now cyber monday is here. will shoppers be in even more of a spending mood? >> you want to talk about money? a new powerball jackpot. a new record in the cash payout. it's unreal. >> a packed two hours ahead for you this morning. new jersey congressman bill pascrell will be joining us, grover norquist, jamie rubin, dr. hanan ashrawi, will be our guest, peter billingsley from a christmas story, and grinle college hoops star jack taylor. remember him? big game he had the other day. and the one and only tony benne
more in taxes next year, coupled with $100 billion in cuts to domestic and defense spending. now, since the reagan era, most republicans have pledged not to raise taxes. as mike viqueira reports, there are signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed. to oppose tax increases of any kind. that once solid wall was showing crass. >> the pledge you signed 20 years ago, 18 years ago is for that congress. the world has changed, and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree that changes in social security and medicare. >> i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> reporter: activists on the left are lining up to oppose those reforms, but the president has put them on the table before. during last year's failed talks on a grand bargain and more recently in his first post-election press conference. >> we have to continue to take a serious look at how we reform our
a break the no tax pledge. that is a hopeful sign, folks, because a new cnn/orc poll shows more than two thirds of americans believe a trip over that cliff would create major problems, perhaps even a crisis. cnn political editor paul steinhauser is live from washington, d.c. this morning. nice to see you, paul. so the fiscal cliff triggers back-breaking tax hikes and massive spending cuts. you've got more numbers that show what type of budget plan americans actually prefer. >> exactly. one of the big arguments, zoraida, is should it be all spending cuts to get us there or tax increases, as well? brand-new numbers just out from cnn/orc. only about one in three say whatever deal should be struck should be just spending cuts. but almost seven in ten, two thirds of americans say the plan should include spending cuts and tax increases. our poll indicates americans are not so optimistic a deal will get done and if it doesn't get done, who gets the blame? look at this right here, about 45% say republicans in congress will be blamed if there is no deal and the country falls off the fiscal cliff.
more than 600 billion dollars in both cuts and tax hikes, spending cuts kicking in and it will affect the state you live in in some way shape or form. today we're kicking off governors on the edge week on countdown to the closing bell. we are finding out how pennsylvania is affected by the budget mess. governor corbett is talking about the impact on state finances but perhaps more importantly why he is not waiting around and he and his team are trying to work on make sure they don't fall into the abyss with the rest of the country. >>> now hewlett-packard is now up 2 1/4%. we just heard through reuters we're confirming it here on fox business that a class-action lawsuit has been filed against hewlett-packard, a law firm -- we're looking at this issue with autonomy, it's a company they had to write down the acquisition by billions and billions of dollars. so clearly this is the breaking news on hewlett-packard right now. not really moving that much. still up about 28 cents. apple as you saw up sharply. analysts talking about a strong black friday for apple based on some checks on their
almanac had today. >> we want to know what taxes are going to be. there is a big -- one of the things i look at the charts every weekend. i'm pathetic. i have them delivered to my door. everything stops in the house. utility stocks are horrendous. i think that's people saying, look, dividend is going to -- >> 39.6 on your dividends will be a different story. >> have you seen those charts? they are the worst. >> i get them delivered as well of course. >> who doesn't? >> saturday morning i like to get up and look at my charts. >> i think we have something in common. i feel better. >> three tech companies known for their beaten down stocks are getting good news from the street today. facebook upgraded to outperform over at bernstein. cibc raising rimm and yahoo! added to the conviction buy list at goldman sachs. cnbc and yahoo! have a business alliance to share and co-produce editorial content. my favorite is rimm. >> i love that. >> the blackberry 10 is locked in for january 30th. they say the carrier feedback will become more clear and a lack of new competing devices -- not sure on what
not reach a deal your taxes could rise and sharp spending cuts would go into effect as well possibly triggering a recession. chuck todd is nbc's political director and chief white house correspondent. chuck, good morning to you. >> good morning, savannah. >> the goal here is to get a deal that reduces the deficit, and the battle lines have been pretty clear right now. the president campaigned rolling back the tax breaks for the highest earnings and republicans argued spending cuts are the way to get the deficit under control. are we starting to see a softening of those positions on both sides? >> reporter: here's what there's agreement on. both sides, both parties agree that the wealthiest have to pay more, and the question now and the sticking point at this stage is how do you go about making the wealthiest pay more? do you do it by raising the tax rates? that's what president obama wants to do. wants to raise the tax freights 35% where they are now up to where they were during the clinton years at 39% what. republicans are arguing is you don't have to do that. you can get all of th
Search Results 0 to 20 of about 21